RaplhCramden

Boards Post

RaplhCramden replied to the Berkshire Hathaway board. 2 hours ago

Re: Somewhat OT - Real Estate

It's not exactly a surprise that so few rent since the government has been pushing home ownership hard, on dodgy reasoning and economics, for many decades.

I'm not at all sure all the reasoning and economics are dodgy in the [more]

Boards Post

RaplhCramden replied to the Berkshire Hathaway board. 8:09 AM

Re: Tender Ego

But claiming after the fact that you sold a stock that had just dropped precipitously does enable one to fudge their returns in a manner that is not verifiable or falsifiabe.

How can we trust a person's claimed returns if they are [more]

Boards Post

RaplhCramden replied to the Berkshire Hathaway board. 7:53 AM

Re: OT: MRNA

It's not a simple decision, but it's important to appreciate that it's not just about the risk and benefit to the person getting the vaccine.

Indeed, it is a tricky thing to navigate. As a 20 year old citizen, I might well [more]

Boards Post

RaplhCramden replied to the Berkshire Hathaway board. 7:26 AM

Re: OT Nicholas Weaver on Cryptocurrency

I thought he was trying to say something profound (which escaped me) when all he was attempting was to state the obvious.

I think it is quite profound. And I think there are plenty of people out there who don't understand it, so [more]

Boards Post

RaplhCramden replied to the Berkshire Hathaway board. 10:37 AM

Re: old dealraker makes bold prediction

My take after reading reviews of the new Genesis GV60 Premium: Far preferable (for me) to a Model 3 for the same price. But the real deal is the Genesis GV60 Sport Plus: So much more (and soooo much better looking inside) than a Model S for so [more]

Boards Post

RaplhCramden replied to the Berkshire Hathaway board. 10:33 AM

Re: old dealraker makes bold prediction

Yogi Berra:
No one goes to that restaurant anymore because it is too crowded.

Said2:
T[esla] will quickly fall back even more for a very simple reason if they do not very soon offer a much cheaper car.

Yogi: [more]

Boards Post

RaplhCramden replied to the Berkshire Hathaway board. 10:20 AM

Re: old dealraker makes bold prediction

So your BRK went up 15x in 25 years, his TSLA went up 15x in 3 years.

Does that really seem like the same thing to you?

Boards Post

RaplhCramden replied to the Berkshire Hathaway board. 10:15 AM

Re: old dealraker makes bold prediction

Companies such as Toyota and VW are not incompetent. What do you think, is Tesla over valued or the other car companies a long term bargain? Or do you honestly feel Tesla represents half the value of the entire car industry?

For a [more]

Boards Post

RaplhCramden replied to the Berkshire Hathaway board. 11:41 AM

Re: old dealraker makes bold prediction

JimKredux said:
How to value it? How quickly do you think they can double earnings twice? 5 to 7 years? At that point the TTM pe is 26,and they would need to still be dominant in electric cars.
Other things like solar roofs,etc.would [more]

Boards Post

RaplhCramden replied to the Berkshire Hathaway board. 11:32 AM

Re: old dealraker makes bold prediction

OK, here it is and if I am wrong I expect to be publicly restrained...and beaten:

Tesla, from its current stock price, is in the process of being cut in half before the downturn is over.

....

And in my view the stock [more]

Boards Post

RaplhCramden replied to the Berkshire Hathaway board. 10:53 AM

Re: OT TMF hacker charged

I wouldn’t have thought that TMF stock picks actually affected market prices esp. in stocks like AMZN.

That's the great thing about securities fraud in an upmarket. Your plan might be totally stupid, but you will probably make [more]

Boards Post

RaplhCramden replied to the Berkshire Hathaway board. 10:44 AM

Re: Left the meeting sad and depressed

we children were instructed to shelter under our wooden desks. The implication is that this would keep us safe. If it was not true, could they have said it?

In a nuclear attack, a lot of people far away will be safe no matter what [more]

Boards Post

RaplhCramden replied to the Berkshire Hathaway board. 4:52 AM

Re: Buffett, Bitcoin, and Nonsense

Buffett said if he was offered all the Bitcoin in the world for $25, he would not buy it.

"IF he was offered all the Bitcoin in the world for $25"... What would have to be true about Bitcoin if Buffett was [more]

Boards Post

RaplhCramden replied to the Tesla Motors board. 11:30 AM

Re: Tesla growth drivers

IGU:
P/E ratio is essentially meaningless for a growth stock like TSLA.

What is meaningful for a growth stock like TSLA?

Boards Post

RaplhCramden replied to the Berkshire Hathaway board. 5:12 PM

Re: Bitcoin going nowhere

Things you can put your money into fall into two different categories.
Static capital assets, and investment assets.

I don't think it is easy, or in principle possible to distinguish these two.

If I build an empty [more]

Boards Post

RaplhCramden replied to the Berkshire Hathaway board. 4:46 PM

Re: Bitcoin going nowhere

Jim:
How much wealth will thereby have been created? None.

You can replace the word "Bitcoin" with any other static asset and get the same result: gold, Rembrandts, diamonds, Beanie Babies.

So what is the source [more]

Boards Post

RaplhCramden replied to the Berkshire Hathaway board. 4:31 PM

Re: Bitcoin going nowhere

I think the fundamental question is whether any entity other than the government is allowed to issue currency or pseudo-currency like bitcoin.

Sure. One example is frequent flier miles. They can be exchanged or sold on the open market. [more]

Boards Post

RaplhCramden replied to the Berkshire Hathaway board. 4:25 PM

Re: Bitcoin going nowhere

All you have to understand is, the market cap of Bitcoin is $900 B, bigger than Berkshire. So there are lot of people understand it, and we don't.

Extending your concept, since the net worth of the real estate in US is $35 T [more]

Boards Post

RaplhCramden replied to the Berkshire Hathaway board. 4:02 PM

Re: FWIW: I sold Berkshire

If you sold BRK at ~$345 (today's price), then you are probably going to pay 15% or $51 in taxes (unless it is in a tax deferred or Roth IRA account).

To get back to where you are today, you would need BRK to be at $293 or PBV of [more]

Boards Post

RaplhCramden replied to the Berkshire Hathaway board. 3:48 PM

Re: He's not wrong...Thiel calls WEB sociopa

The interesting question is what happens when the participating crowd stops getting bigger, as it eventually must.

At that point, there will be nothing to do but plant the bitcoin in the digital dirt and see if you at least get a [more]